Archives: Terms

Definition of Non-Systematic Risk Non-systematic risk, also known as unsystematic risk, specific risk, or idiosyncratic risk, refers to the risk that is unique to a specific company or industry. Unlike systematic risk, which affects the entire market or economy, non-systematic risk can be reduced or mitigated through diversification. This type […]

Definition of Non-Satiation Non-satiation is a principle in economics that suggests that more is always better than less, all else being equal. This assumption means that consumers will always prefer to have more of a good or service, provided that their circumstances remain the same. The principle of non-satiation underscores […]

Definition of Non-Profit Organization A non-profit organization is a type of entity that is dedicated to furthering a particular social cause or advocating for a shared point of view. Unlike for-profit businesses that operate primarily to generate profits for their owners, non-profit organizations reinvest their surplus revenues to achieve their […]

Definition of Non-Price Competition Non-price competition refers to strategies that businesses use to differentiate their products or services from competitors, not by lowering prices but through other means. These strategies include improving product quality, offering additional services, employing marketing and advertising techniques, and enhancing customer service. Non-price competition is particularly […]

Definition of Non-Performing Debt Non-performing debt refers to loans or borrowings that are in default or close to being in default. Once borrowers fail to make their scheduled loan payments for a certain period, typically 90 days or more, the debt is considered non-performing. This type of debt indicates that […]

Definition of Non-Pecuniary Benefits Non-pecuniary benefits are forms of compensation that are not paid in the form of money. These benefits, often referred to as “fringe benefits” or “perks,” include any type of non-monetary compensation provided to employees on top of their regular salaries. This can range from health insurance, […]

Definition of Non-Parametric Statistics Non-Parametric Statistics refers to a branch of statistics that does not rely on data belonging to any particular parametric family of probability distributions. These methods are often used when there is not enough information to assume a specific distribution for the dataset, or when the assumption […]

Definition of Non-Monetary Job Characteristics Non-monetary job characteristics refer to the aspects of a job that are not related to financial compensation. These can include the work environment, company culture, opportunities for professional development, work-life balance, the nature of the work itself, and relationships with colleagues and management. Unlike salary, […]

Definition of Non-Marketed Economic Activities Non-marketed economic activities refer to services and goods that are not available for purchase or sale in traditional markets. These activities often include household work, volunteer services, and the provision of care to family members, which, despite not having a direct monetary value or price […]

Definition of Non-Marketable Debt Non-marketable debt refers to securities or debts that cannot be freely bought and sold in the open market. These financial instruments are typically issued by governments and are, for the most part, intended for specific investors or purposes rather than for general public trading. Because they […]